Category: Business Studies

Business Studies Multiple Choice Question – 12 June 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Lucy runs a business called LucyArts Ltd, selling a range of art products in Stafford.

LucyArts Ltd has been successful. Lucy is keen to expand the business by opening another shop. To do this she will use long-term sources of finance.

Which ONE of the following is an example of a long-term source of finance?

Select ONE answer:

  1. Sales revenue
  2. Overdraft
  3. Trade credit
  4. Profit

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

  1. money made from sales is not long term finance.
  2. is not long term as it is dependent on what the bank will loan and for how long.
  3. trade credit is not long term and depends on the other businesses that you trade with.
  4. Correct – is long term because it is an ongoing source of finance

 

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Business Studies Multiple Choice Question – 11 June 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Lucy runs a business called LucyArts Ltd, selling a range of art products in Stafford.

LucyArts Ltd has been successful. Lucy is keen to expand the business by opening another shop. To do this she will use long-term sources of finance.

Which ONE of the following is an example of a long-term source of finance?

Select ONE answer:

  1. Sales revenue
  2. Overdraft
  3. Trade credit
  4. Share capital

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

  1. money made from sales is not long term finance.
  2. is not long term as it is dependent on what the bank will loan and for how long.
  3. trade credit is not long term and depends on the other businesses that you trade with.
  4. Correct – is long term as people are investing in the business.

 

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Business Studies Multiple Choice Question – 10 June 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Lucy runs a business called LucyArts Ltd, selling a range of art products in Stafford.

Lucy wants to increase the added value of her products.

What is meant by added value?

Select ONE answer:

  1. The difference between what a business pays its employees and what it receives from selling its products
  2. Variable costs minus price
  3. The difference between what a business pays its suppliers and what it receives from selling its products
  4. Price minus total cost

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3

  1. what you pay employees does not add to a product.
  2. variable minus price gives fixed costs.
  3. Correct – is adding value – adding to what the product has cost and what you sell it for.
  4. price of what? Not specific.

 

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Business Studies Multiple Choice Question – 9 June 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Lucy runs a business called LucyArts Ltd, selling a range of art products in Stafford.

Lucy has set some objectives for LucyArts Ltd.

Which one of the following is a non-financial objective?

Select ONE answer:

  1. Revenue maximisation
  2. Personal satisfaction
  3. Profit maximisation
  4. Improve cash flow

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2

  1. not an objective – does not mean anything.
  2. Correct – personal satisfaction can be an objective.
  3. again not an objective – does not mean anything.
  4. improving cash flow is not an objective.

 

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Business Studies Multiple Choice Question – 8 June 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Lucy runs a business called LucyArts Ltd, selling a range of art products in Stafford.

Before the business opened she carries out primary market research.

Which ONE of the following is an example of primary market research?

Select ONE answer:

  1. Interviews with competitors
  2. Published government statistics
  3. Magazine articles
  4. Internet research

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1

  1. Correct – interviews with competitors also direct.
  2. published statistics means that someone has already carried out the research not primary.
  3. magazine article seen by numerous people is not primary.
  4. internet research – again already collected by someone else.

 

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This work is licensed under a Creative Commons Attribution 4.0 International License.